Section 8-502

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Section 8-502: Assertion of Adverse Claim Against Entitlement Holder

Section 8-502. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under section 8-501 for value and without notice of the adverse claim.